$2,300,000
$2,499,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/16/2014
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V0-214030746
Sold Date 09/16/14
HOA Y/N No
Year Built 1962
Property Description
Rare investment opportunity to own this pride of ownership 12 unit apartment complex 2 blocks to beach in Mandalay Shores. Consists of (2) six unit buildings on separate lots with pleasant, well manicured lawn and trees in the middle. All units are two-bedroom, one-bath. Downstairs apartments have patios while upstairs tenants have use of a spacious redwood deck at each building. There are (6) 2-car garages. Each building has a laundry room with one large water heater. Copper plumbing. Property fully occupied, all tenants are month-month and no rental increases have been given after tenants moved in. 12% + rental upside in a wonderful location where buildings rarely change hands. See attached marketing package for more details.
Location
State CA
County Other County
Area Vc32 - Oxnard - Port Hueneme Beaches
Zoning R3C
Interior
Flooring Carpet, Vinyl
Fireplace No
Exterior
View Y/N Yes
View Ocean
Private Pool No
Building
Story Two
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 1910114125
Acceptable Financing CashtoNewLoan
Listing Terms CashtoNewLoan
Financing CashtoNewLoan
Special Listing Condition Standard
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Bought with Nicholas Henry • The Channel Group